The Valuation of Financial Companies / Wiley Finance Series Bd.1 (PDF)
Tools and Techniques to Measure the Value of Banks, Insurance Companies and Other Financial Institutions
(Sprache: Englisch)
This book presents the main valuation approaches that can be
used to value financial institutions. By sketching 1) the different
business models of banks (both commercial and investment banks) and
insurance companies (life, property and casualty and...
used to value financial institutions. By sketching 1) the different
business models of banks (both commercial and investment banks) and
insurance companies (life, property and casualty and...
sofort als Download lieferbar
eBook (pdf)
66.99 €
- Lastschrift, Kreditkarte, Paypal, Rechnung
- Kostenloser tolino webreader
Produktdetails
Produktinformationen zu „The Valuation of Financial Companies / Wiley Finance Series Bd.1 (PDF)“
This book presents the main valuation approaches that can be
used to value financial institutions. By sketching 1) the different
business models of banks (both commercial and investment banks) and
insurance companies (life, property and casualty and reinsurance);
2) the structure and peculiarities of financial institutions'
reporting and financial statements; and 3) the main features of
regulatory capital frameworks for banking and insurance (ie Basel
III, Solvency II), the book addresses why such elements make the
valuation of financial institutions different from the valuation of
non-financial companies.
The book then features the valuation models that can be used to
determine the value of banks and insurance companies including the
Discounted Cash Flow, Dividend Discount Model, and Residual Income
Model (with the appropriate estimation techniques for the cost of
capital and cash flow in financial industries). The main techniques
to perform the relative valuation of financial institutions are
then presented: along the traditional multiples (P/E, P/BV, P/TBV,
P/NAV), the multiples based on industry-specific value drivers are
discussed (for example, P/Pre Provision Profit, P/Deposits,
P/Premiums, P/Number of branches). Further valuation tools such as
the "Value Maps" or the "Warranted Equity
Method" will be explained and discussed. The closing section
of the book will briefly focus on the valuation of specific
financial companies/vehicles such as closed-end funds, private
equity funds, leasing companies, etc.
used to value financial institutions. By sketching 1) the different
business models of banks (both commercial and investment banks) and
insurance companies (life, property and casualty and reinsurance);
2) the structure and peculiarities of financial institutions'
reporting and financial statements; and 3) the main features of
regulatory capital frameworks for banking and insurance (ie Basel
III, Solvency II), the book addresses why such elements make the
valuation of financial institutions different from the valuation of
non-financial companies.
The book then features the valuation models that can be used to
determine the value of banks and insurance companies including the
Discounted Cash Flow, Dividend Discount Model, and Residual Income
Model (with the appropriate estimation techniques for the cost of
capital and cash flow in financial industries). The main techniques
to perform the relative valuation of financial institutions are
then presented: along the traditional multiples (P/E, P/BV, P/TBV,
P/NAV), the multiples based on industry-specific value drivers are
discussed (for example, P/Pre Provision Profit, P/Deposits,
P/Premiums, P/Number of branches). Further valuation tools such as
the "Value Maps" or the "Warranted Equity
Method" will be explained and discussed. The closing section
of the book will briefly focus on the valuation of specific
financial companies/vehicles such as closed-end funds, private
equity funds, leasing companies, etc.
Autoren-Porträt von Mario Massari, Gianfranco Gianfrate, Laura Zanetti
Mario Massari (Milan, Italy) is Full Professor of Corporate Finance, Head of the Finance Department, Director of the Institute of Accounting, Finance and Control from 2003 to 2007 at Bocconi University. Formerly full professor of Financial Management at Università Cattolica di Milano and Ca' Foscari of Venice.Gianfranco Gianfrate (Milan, Italy) is Assistant Professor of Finance, Bocconi University. He is Visiting Scholar, Boston College (2003) and Cass Business School (2006), Visiting Fellow, Harvard University (2007-2008) and Deputy Director, Clefin-Finance MSc.
Laura Zanetti (Milan, Italy) is Associate Professor of Finance at Bocconi and Visiting Professor at the HKUST Business School.
Bibliographische Angaben
- Autoren: Mario Massari , Gianfranco Gianfrate , Laura Zanetti
- 2014, 1. Auflage, 256 Seiten, Englisch
- Verlag: John Wiley & Sons
- ISBN-10: 1118617258
- ISBN-13: 9781118617250
- Erscheinungsdatum: 06.01.2014
Abhängig von Bildschirmgröße und eingestellter Schriftgröße kann die Seitenzahl auf Ihrem Lesegerät variieren.
eBook Informationen
- Dateiformat: PDF
- Größe: 13 MB
- Mit Kopierschutz
Sprache:
Englisch
Kopierschutz
Dieses eBook können Sie uneingeschränkt auf allen Geräten der tolino Familie lesen. Zum Lesen auf sonstigen eReadern und am PC benötigen Sie eine Adobe ID.
Kommentar zu "The Valuation of Financial Companies / Wiley Finance Series Bd.1"
0 Gebrauchte Artikel zu „The Valuation of Financial Companies / Wiley Finance Series Bd.1“
Zustand | Preis | Porto | Zahlung | Verkäufer | Rating |
---|
Schreiben Sie einen Kommentar zu "The Valuation of Financial Companies / Wiley Finance Series Bd.1".
Kommentar verfassen